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TMO

Thermo Fisher Scientific's shares surged following the announcement of their Q1 financial results, which exceeded expectations. Additionally, the company has uplifted its financial guidance for FY24, signaling stronger performance ahead.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:17 am

CSTM

Constellium repurchased 330 thousand shares for $6.9M in Q1, with a cash from operations of €54M and a free cash flow of €(8)M. The company's leverage stood at 2.4x as of March 31, 2024.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

ADI

AMD

TXN

Semiconductor stocks are up following Texas Instruments' report of better-than-expected Q1 financial results, indicating a positive outlook for the sector.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

VIRT

Virtu Financial (VIRT) reported Q1 2024 adjusted earnings per share of $0.76, surpassing the $0.53 estimate, a 43.4% beat. Adjusted trading income was $366.871M, exceeding the $318.713M estimate by 15.11%. Despite the beat, sales saw a 1.66% decrease from the previous year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:16 am

TXN

Texas Instruments shares are trading higher following a Q1 earnings beat.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:14 am

CSTM

Constellium (NYSE:CSTM) reported Q1 earnings of $0.12 per share, missing the $0.27 estimate, and sales of $1.8B, beating the $1.7B estimate. Earnings per share decreased by 20% and sales by 10.48% compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:12 am

TSLA

Tesla, Inc.'s (NASDAQ:TSLA) Q1 earnings call led to a 13% surge in after-hours trading, despite a slight earnings miss. Analysts are divided, with some praising the acceleration of a next-gen vehicle's production and a potential entry into the ride-hailing market, competing with Uber and Lyft. Others, however, view the earnings as a disaster, citing a record cash burn and a drop in operating margin. Tesla shares rose 10.11% pre-market.

Portfolio Pulse from Shanthi Rexaline

April 24, 2024 | 10:12 am

OTIS

Otis reported a mixed Q1 performance with a 10% decline in new equipment orders and a 2% decrease in backlog, while net sales rose by 2.7% and organic sales by 3.8%, driven by a 5.8% increase in Service net sales. GAAP EPS grew by 8.9%, and adjusted EPS by 10%, with operating profit margins expanding. The company also saw a 13% increase in Mod orders and a 14% increase in backlog. Otis updated its full-year outlook, raising its adjusted EPS forecast to $3.83-$3.90 and its share repurchase target to $1 billion.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:08 am

OTIS

Otis Worldwide (OTIS) reported Q1 2024 adjusted EPS of $0.88, surpassing the $0.87 estimate, marking a 10% increase from the previous year. However, sales of $3.437B fell short of the $3.455B estimate, though they were up 2.72% year-over-year.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:07 am

HLT

Hilton has raised its FY24 adjusted EPS outlook from $6.80-$6.94 to $6.89-$7.03, though this is still below the estimated $7.12. The company expects system-wide comparable RevPAR to increase by 2.0% to 4.0% on a currency neutral basis compared to 2023. Net unit growth, excluding the Graduate Hotels brand acquisition, is projected at 6.0% to 6.5%.

Portfolio Pulse from Benzinga Newsdesk

April 24, 2024 | 10:06 am